Bridge Builder Correlations

Mutual Funds . USA . 
Fund . Bridge Builder International
BBIEX Fund  USD 13.66  0.06  0.44%   
The current 90-days correlation between Bridge Builder Inter and Qs Defensive Growth is -0.11 (i.e., Good diversification). The correlation of Bridge Builder is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Bridge Builder Correlation With Market

Very good diversification

The correlation between Bridge Builder International and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bridge Builder International and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bridge Builder International. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Bridge Mutual Fund

  0.92BBCPX Bridge Builder EPairCorr
  0.76BBMUX Bridge Builder MunicipalPairCorr
  0.99BBTIX Bridge Builder TaxPairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.95VTSNX Vanguard Total InterPairCorr
  0.95VTPSX Vanguard Total InterPairCorr
  0.95VTISX Vanguard Total InterPairCorr
  0.99VTMGX Vanguard DevelopedPairCorr
  0.95VDVIX Vanguard DevelopedPairCorr
  0.95VTMNX Vanguard DevelopedPairCorr
  0.95VDIPX Vanguard DevelopedPairCorr
  0.99FSPSX Fidelity InternationalPairCorr
  0.85TREMX T Rowe PricePairCorr
  0.96BISMX Brandes InternationalPairCorr
  0.91VSGDX Vanguard Short TermPairCorr
  0.92GF New Germany ClosedPairCorr
  0.68RXRPX American Funds RetirementPairCorr
  0.89GIOIX Guggenheim Macro OppPairCorr
  0.89USGDX Morgan Stanley GovernmentPairCorr
  0.96EMBAX Unconstrained EmergingPairCorr
  0.85HTD John Hancock TaxPairCorr
  0.89DBIWX Dws Global MacroPairCorr
  0.82DLDFX Destinations Low DurationPairCorr
  0.74EBSIX Campbell Systematic MacroPairCorr
  0.88SGDLX Sprott Gold EquityPairCorr

Moving against Bridge Mutual Fund

  0.76SMPIX Semiconductor UltrasectorPairCorr
  0.75SMPSX Semiconductor UltrasectorPairCorr
  0.58BBGSX Bridge Builder SmallmidPairCorr
  0.45BBGLX Bridge Builder LargePairCorr
  0.45BBVSX Bridge Builder SmallmidPairCorr
  0.31CISGX Touchstone Sands CapitalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Bridge Mutual Fund performing well and Bridge Builder Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Bridge Builder's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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